I- Jack Inc and Sys/Com Ltd Are Two Large Corporations

question 50

Multiple Choice

I- Jack Inc and Sys/Com Ltd are two large corporations carrying on telecommunications businesses. They want to work together to set up a new business that would develop and sell telephones specifically designed to take advantage of the new Internet services each is offering. Their idea is that the new telephones could be sold with their telecommunications services as a package. Sys/Com will be responsible for the management of the business. This joint venture could be set up as

• A) a partnership, in which each of I- Jack and Sys/Com are partners, and the parties' respective rights and obligations are set out in a partnership agreement.
• B) a relationship in which the parties' respective rights and obligations are set out completely in a contract between I- Jack and Sys/Com.
• C) a corporation, in which each of I- Jack and Sys/Com are shareholders, and the parties' respective obligations are set out in a shareholders' agreement.
• D) a relationship in which the parties' respective rights and obligations are set out completely in a contract between I- Jack and Sys/Com, where Sys/Com is an agent with authority to bind I- Jack for obligations incurred to carry out the joint venture business.
• E) any of the above.

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Definitions:

Violence-Viewing Effect

This refers to the increased aggression and desensitization to violence observed in individuals after they have been exposed to violent media.

Visible Harm

Physical or emotional damage that is noticeable or able to be seen.

Observational Learning

Observational learning involves acquiring new behaviors, skills, or attitudes by watching and imitating others, emphasizing the importance of models in learning.

Classical Conditioning

A habituation technique wherein a response that is initially evoked by a secondary stimulus is eventually invoked by the primary stimulus alone, thanks to the repeated pairing of the stimuli.